US networking equipment maker Cisco Systems Inc. increased net income by 5.5 per cent and revenue by 7.5 per cent in the first quarter of fiscal 2026, according to reports.
Net income for the quarter ended 25 October was $2.86 billion, or 72 cents per share, compared with $2.71 billion, or 68 cents per share, for the comparable period last year. Earnings excluding one-time factors climbed to $1 from $0.91 per share.
Revenue rose to $14.88 billion from $13.84 billion a year earlier. In particular, equipment revenue increased 9.5% (to $11.08bn) and service revenue rose 2.1% (to $3.8bn).
Analysts surveyed by FactSet on average forecasted the company’s adjusted earnings at $0.98 per share on revenue of $14.8bn.
The company set a dividend of 41 cents per share, the same as in the previous quarter. The payout will take place on 21 January for shareholders of record as of 2 January.
Cisco expects net income in the range of 69-74 per share in the second quarter of fiscal 2026, adjusted earnings of $1.01-1.03 per share, and revenue of $15-15.2 billion. For the second quarter of fiscal 2026, the company expects adjusted earnings in the range of $4.08-4.14 per share, and revenue of $60.2-61 billion.
Experts estimate the company’s quarterly revenue at about $14.6 billion, annual revenue – $59.6 billion.
Quotes of Cisco in additional trading on Wednesday jumped by 7.5% after the publication of the report. Over the past three months, the company’s market value has grown by 5% (to $292bn), while the Nasdaq Composite stock index has added about 8%.